Sharjah has no plans to become a regular issuer for now despite drawing demand more than 10 times the value of its $750 million debut sukuk issue, the director of its debt management office said yesterday.
Although it is developin
Goldman Sachs is reviving plans to raise at least $500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.
The US bank will mee
Bahrain has hired four banks including Citigroup, Gulf International Bank and Standard Chartered to arrange a new sovereign bond issue expected to be launched before the end of the year.
The government bonds are highly prized by financi
UAE-based lender National Bank of Ras Al Khaimah (RakBank) has launched its debut $500 million, five-year debut bond after tightening he pricing, a document from lead managers said.
Tightened pricing for the bo
Abu Dhabi government-owned Al Hilal Bank may sell a benchmark-sized Tier 1 capital-boosting dollar sukuk issue after announcing plans to meet fixed income investors, a document from lead managers said on Thursday.
Turkey's Kuveyt Turk, owned by Kuwait Finance House, mandated banks for a sukuk issue, bankers told Reuters on Tuesday.
The bank has mandated KFH Investment as global coordinator and Citi, Emirates NBD Capi
UAE-based lender National Bank of Ras Al Khaimah (RakBank) may sell a benchmark-sized debut bond issue after announcing plans to meet fixed income investors, a document from lead managers said on Monday.
Egypt's finance ministry is studying the possibility of issuing its first international bond since 2010, two officials told Reuters, as investor confidence in the country gradually returns after the turmoil which followed the 2011 revoluti